Euro / Japanese Yen
Long
Updated

Euro Bulls to come b4 ASIAN news..?

with congress having to have dumped a water bucket on Yellen.. there's a good chance it will happen again & people will turn to the -Euro-. -JPY-Gdp- M/M & Q/Q is this coming sunday & it's expectations are HORRIBLE.. Also -china- will release trade balance that day as well & its expectations are horrible.. I've check the Japan bonds, the Nikkei & found nothing as 2 why its been appreciating. I'll do more digging. Please know the purpose behind BOJ going into negative rates.. BOJ wants people to spend money while its collecting money.
Note
found out why YEN appreciated lately... Gov. Kuroda gave a positive statement which I didn't see.. =( .. here's the info.. boj.or.jp/en/announcements/press/koen_2016/data/ko160203a1.pdf Gov. Kuroda said this at the end.. - It is no exaggeration that "QQE
with a Negative Interest Rate" is the most powerful monetary policy framework in the
history of modern central banking.
Note
it bounced off trend support.. im looking to buy at 126.4 -126.8 level
Note
order is in at 126.35
Note
Exited with 120 pips =)
Note
figured Draghi speech was 3.3 GMT.. ooh well ill be looking to get back on this if his speech is good.

Disclaimer